Based on the last 12 Balance of Trade events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > £-11.5B
Historical events that allowed us to draw this conclusion
11 Feb 18:00 |
10 Dec 18:00 |
11 Nov 18:00 |
09 Jul 21:00 |
11 Jun 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).